That is precisely the case of Cardano (ADA), the ninth largest cryptocurrency of the crypto verse by market capitalization. At the time of writing Cardano (ADA) has a price of $0.08838, a trading volume of $70,272,522, and a 5.17% price decrease in just the last 24 hours.
And it’s worth to mention that compared to the value that the coin had at the beginning of the year back in January, the current value of the crypto is 95 percent below its original… A dramatic change, to say the least.
But what can we expect from Cardano in the following days? Would it be possible that it continues the fall? If so, what will be the future of the coin? Let’s see the main details behind this.
Cardano (ADA) price predictions
According to ADA/BTC charts, Cardano is actually at the end of its correction after a long period in which it was trading in a pitchfork, and also in a falling wedge.
In this sense, even RSIhas been trading in a falling wedge, and apparently, it may take the breaking point anytime soon. Nonetheless, we should expect more corrections soon, and that could mean that Cardano (ADA) may even reach a 100 percent correction before the end of the third quarter, a moment in which a new era would start for the crypto.
On the other hand, in accordance to ADA/USD charts, it results evident that the token has fallen to the support line of the 0.08 dollars, support that earlier was tested by a weekly candle, but that shortly after bou...